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ASX Market Update 2022-06-03

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SP/ASX 200 rose 0.9% (+62.8 pts), closed at 7239 points, rose 0.8% (+56 pts) for the week, rose 3 weeks in a row.

Among the 150 largest-cap stocks, 109 (73%) closed higher, 95 of them rose with a lower volume. 60% of all ASX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector remained unchanged, ranging from 0% to 3.2%. 3 sectors outperformed the market. The market was up 1%; Technology was up 3.2%, the best performer; Consumer Cyclical remained unchanged, but already the worst performer.

● CHAMPION IRON (CIA) largely rebounded 8.1% (+$0.59), closed at $7.84, the best % gain in 4 months, also a 31-day high, rose 4.7% (+$0.35) for the week, crossed above MA20 and MA50 ($7.29, $7.41). The best performer today with a slight decrease in volume.

● DOMINO’S PIZZA ENTERPRISES (DMP) largely fell -3.7% (-$2.55), closed at $66.51, fell -3.2% (-$2.21) for the week, fell 2 weeks in a row. The worst performer today with a significant decrease in volume.

● ANSELL (ANN) largely fell -3.6% (-$0.96), closed at $25.94, fell 4 days in a row, the worst % loss in 4 months, also a 26-day low, fell -5.1% (-$1.4) for the week, crossed below MA50 ($26.3). The largest increase in volume today.

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